Plumas Bancorp (NASDAQ:PLBC) Director Kenneth Edward Robison III Sells 500 Shares

Plumas Bancorp (NASDAQ:PLBC) Director Kenneth Edward Robison III sold 500 shares of Plumas Bancorp stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $49.34, for a total value of $24,670.00. Following the completion of the sale, the director directly owned 2,675 shares in the company, valued at approximately $131,984.50. The trade was a 15.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Plumas Bancorp Stock Performance

NASDAQ PLBC opened at $52.65 on Wednesday. The stock has a 50 day moving average price of $46.85 and a 200-day moving average price of $43.93. Plumas Bancorp has a one year low of $38.71 and a one year high of $54.58. The company has a market capitalization of $366.44 million, a P/E ratio of 11.60 and a beta of 0.62.

Plumas Bancorp (NASDAQ:PLBC) last released its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.19. Plumas Bancorp had a net margin of 26.40% and a return on equity of 16.28%. The company had revenue of $28.58 million for the quarter, compared to the consensus estimate of $27.39 million. As a group, equities analysts predict that Plumas Bancorp will post 4.51 EPS for the current fiscal year.

Plumas Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 18th. Stockholders of record on Wednesday, February 4th will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, February 4th. This represents a $1.32 annualized dividend and a dividend yield of 2.5%. This is a positive change from Plumas Bancorp’s previous quarterly dividend of $0.30. Plumas Bancorp’s dividend payout ratio is currently 29.07%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Plumas Bancorp in a research note on Monday, December 29th. Wall Street Zen downgraded Plumas Bancorp from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Piper Sandler decreased their price target on Plumas Bancorp from $64.00 to $61.00 and set an “overweight” rating on the stock in a report on Thursday, October 16th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $55.50.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets raised its stake in shares of Plumas Bancorp by 33.1% during the third quarter. BNP Paribas Financial Markets now owns 1,227 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 305 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Plumas Bancorp by 3.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,674 shares of the financial services provider’s stock worth $576,000 after purchasing an additional 459 shares during the last quarter. Caldwell Sutter Capital Inc. boosted its holdings in shares of Plumas Bancorp by 0.6% in the 4th quarter. Caldwell Sutter Capital Inc. now owns 106,283 shares of the financial services provider’s stock valued at $4,750,000 after buying an additional 599 shares in the last quarter. CWM LLC boosted its stake in Plumas Bancorp by 408.9% in the third quarter. CWM LLC now owns 1,089 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 875 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Plumas Bancorp by 44,800.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 898 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 896 shares in the last quarter. Institutional investors own 41.68% of the company’s stock.

About Plumas Bancorp

Plumas Bancorp (NASDAQ:PLBC) is a bank holding company headquartered in Quincy, California, and the parent of Plumas Bank. The company focuses on community banking, delivering personalized financial solutions to individuals, families, small businesses and agricultural clients. Through its subsidiary, Plumas Bank offers a comprehensive range of deposit and lending products designed to meet the unique needs of customers in Northern California’s rural and semi-rural markets.

Plumas Bank’s product lineup includes checking and savings accounts, money market funds and certificates of deposit, alongside a variety of consumer lending options such as residential mortgages, home equity lines of credit and installment loans.